Top 10 Best Accounting Firm in Singapore for 2025

What Is Accounting Firm?

An accounting firm is a professional organization that provides financial services to businesses and individuals. These services typically include bookkeeping, tax preparation, financial analysis, and auditing. Accounting firms help clients maintain accurate financial records and make informed monetary decisions.

Why Do You Need an Accounting Firm?

Before we discuss the best accounting firm in Singapore, you should first know why you should hire an accounting firm. Knowing the benefits of an accounting firm will give you a direction of what you should look for when you hire one. These are the reasons why you need an accounting firm in Singapore:

Cheaper Accounting

The first benefit that accounting services offer is cheap accounting. Accountants are some of the most expensive employees in Singapore. When you hire one of them, you can expect to pay a lot of money for their salary and benefits. This isn’t an issue for bigger companies, but for startups and SMEs, it isn’t practical to spend a large chunk of their profit on a single employee.

With an accounting firm, you don’t need to pay for hiring an accountant. Moreover, if your company doesn’t have many accounting requirements, accounting firms can be a great fit. After all, most of them take money for the things they do rather than for a specific time frame. So, hiring an accounting firm in Singapore also means becoming more efficient with your budget planning.

Access to the Best Accounting System

Accounting isn’t only about a degree. It is also about the system; regarding how to conduct the financial calculations and analysis, and also what software to use. In today’s time, not knowing how to use the best technology and procedures can be stun business’ growth. But with an accounting company, you can be sure that your accounting is happening with the latest methodologies and techniques.

Accounting firms use the best accounting software. They will analyze the latest and proven metrics to add and evaluate financial projections. From the perspective of smaller businesses and startups, an accounting firm brings in a system to a company that is almost out of reach from the current level of expertise. So, an accounting company can also give you a lot to learn.

Tax, Legal and Other Advice

Accounting companies these days don’t only limit themselves to accounting services. They also offer other useful assistance like company registration, business and tax advisory, company secretarial services, etc., which will come in handy from the moment you decide to start a business. The accounting firm can give you all the administrative and legal assistance to start and run your company.

You can call the accounting firm to register your company for you. After that, they can help you with the personnel (like resident directors, secretary, etc.) that you need to be able to register your firm. They can also give you legal support and provide company and tax advisory. You can later depend on them to do the auditing for you.

Accounting Firms Assign the Best Accountants to Work for You at a Low-Cost

Not every company has the budget and resources to hire a world-class accountant. Moreover, with the best accountants being so high in demand in Singapore, they mostly work on a freelance basis, helping several firms, rather than accepting a job with a salary. On the other hand, some companies may not have complex accounting requirements, but they need to hire an accountant every now and then. In such cases, giving an employment contract to a person would be impractical and costly.

An Accounting firm in Singapore does all the company’s accounting and bookkeeping. Working with them is cheaper as you don’t need to give an employment contract with the CPF benefits. Furthermore, given that accounting is a competitive business in Singapore, accounting firms have to be highly competent to keep their influence. Thus, when you hire the right firm, you get an idea of how the best accountants do their jobs.

Where Should I Find the Best Accounting Firm in Singapore?

As helpful as they can be, hiring the wrong accounting firm can be disastrous for your company and growth. To avoid that, and to help you make the most out of accounting, we’ve conducted extensive research to give you a definitive list of the best accounting firms in Singapore.